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20.0¢ potash minerals limited

POK chart, page-114

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donteatme

5,625 Posts.

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29/10/15

10:25

Post #: 16280172
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Originally posted by TraderGT ↑

See for me I'm really a trader - I don't hold stocks for longer then a few weeks max so stops are very important.

As an investor its a different kettle of fish, stops as an investor is a tricky one.....specially when they can move 50% down before making higher highs.

If you are using stops you need to sell when the SP is looking overbought and take profits for re-entry otherwise your right you'll just get stopped out all the time and lose!

@donteatme - As he will know DUO didn't work for me at all, lost a bit of cash there just stops a pip or 2 away worked every time as it allowed me a lower entry then a got stopped again! I'm not going back there disappointing Acq.

Its all about your level of risk - I.E. what you prepared to lose/risk for a potential large gain.

Just remember the charts (if you read them right) are correct MOST of the time!

I'm looking for a gap fill here just from TA - but no trade in it for a while from me!

The key for you investors is that management just things right for the long term to setup a growing, profitable and sustainable company!

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Good points - what indicators do you use to judge overbought/oversold?

POK Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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